Offers in Compromise

Settle Your Tax Debts with the IRS

An offer in compromise (OIC) is an arrangement between the IRS and an indebted taxpayer which settles the taxpayer’s debts for less than the full amount owed. If you are unable to pay your full tax debts, an offer is compromise may be a legitimate option for you. However, the IRS does not have to accept an offer in compromise if they deem the offer unacceptable. The IRS generally looks at the following facts when deciding to approve an offer:

  • Your ability to pay your tax debts in full
  • Your income
  • Your expenses
  • The value of your assets

The IRS is not quick to accept an offer in compromise. If you do not address your tax issue immediately, the IRS has the right to place a tax liens on your assets or seize your income through levies or wage garnishment. As such, it is crucial that you obtain experienced legal representation to ensure your offer is accepted. The Law Office of John McDuff, P.C. has handled tax disputes like these for over 20 years. We will prepare all the proper legal documentation for your offer in compromise, and construct a convincing legal argument for your case.

Contact John McDuff to Discuss Your Case

Attorney, John McDuff, represents taxpayers in Austin and throughout Central Texas. If you cannot pay off the tax debts you owe, let The Law Office of John McDuff, P.C. help. Contact us at 512.457.1177 to learn more about our legal services.

The information that you obtain at this site is not, nor is it intended to be, legal advice, and any use of this information will not create an attorney-client relationship. We invite you to contact us to get advice.